Isle of Palms Oceanfront Housing Market Heats Up!

114 Ocean

114 Ocean Blvd on the Isle of Palms

Don’t look now but there is some serious activity going on the Isle of Palms, and it’s not just condos I’m talking about.  Nope, it’s oceanfront homes.   I recently read a WSJ article about a positive trend in the second/vacation home market and it definitely holds true on the Isle of Palms.  I am not going to bore you with a bunch of statistics (just a few),  but I will share just a few as proof…..

Let’s take a look.   As of today (5/5/2015), there are 6 oceanfront homes under contract counting both Ocean and Palm Boulevards.  Prices range from $2,400,000 to $4,240,000.  Those are just asking prices, not final sales prices.   Recently, 114 Ocean Blvd. sold for $4,175,000.   If you drive down either street, you will see numerous homes being built.  So, proof is in the pudding.  While six homes plus the oceanfront home that sold recently may not sound like a lot, it is.  There is no doubt there is the demand has picked up and those buyers who have been hesitant are back.

Three oceanfront homes under construction on Ocean Blvd….

7B1A5861 7B1A5862 7B1A5863

With all the homes under contract is there anything left.  Of course.  Here is a list of oceanfront homes currently available on the Isle of Palms.

For more information contact me at (843) 607.0954 and send an email to dwhitaker@dunesproperties.com

This entry was posted in Charleston Real Estate, Isle of Palms, Isle of Palms Market Update, Isle of Palms real estate and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s